Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.
Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government’s response to job creation.
With several businesses facing the bleak prospect of shutting down as a direct consequence of the COVID-19 pandemic, President Cyril Ramaphosa has urged that such decisions be carefully taken.
Government will over the next three years attempt to reduce the public sector wage bill by R160 billion, Finance Minister Tito Mboweni said on Wednesday.
Smokers and drinkers will from Wednesday have to dig deeper into their pockets for cigarettes and alcohol.
It is of utmost importance to have a financial sector that serves all South Africans, says Finance Minister Nhlanhla Nene.
Finance Minister is expected to clarify all aspects of financing free higher education during the Budget Speech next week.
Newly appointed Finance Minister Malusi Gigaba has radical economic transformation at the top of his agenda.